Skip to main content

Politics, media, and the drift from reality

Politics. One of my least favorite subjects.

As it stands, politics has a very unifying and universal feel about it; it serves as a great waste of time, money, and resources, while providing an affront to human decency and intelligence wherever it is practiced.

And yet, this noble occupation and artform (hey, pickpocketing is an artform if done well) consumes a great part of our attention and our lives. In America, it seems politics has come to consume a greater share of our daily lives, even as people claim they are feeling increasingly alienated from the political process and everyday "politics" between groups and individuals.

Still, few things have as great a hold on our national attention as the key election cycles. As we enter the runup to the 2008 presidential campaign, let's examine our interaction with the political and media circus/machine. We'll also look at some of the financial and economic trends that are likely to develop with the next election.

Now since I don't like to spend a lot of time thinking about or dealing with these issues (and I'll bet that you don't either), let's have a look at two concise, yet meaningful, articles that examine these subjects.

First, Martin Weiss of the Safe Money Report gives us his view of, "The Zaniest U.S. Election Campaign of Modern Times".

Weiss feels that given the state of our national economy and political situation, we might be headed for a period of greater dollar weakness and an environment of higher taxes and government regulation. Says Weiss:

Yes, it may be too early in the presidential campaign to speculate about who might win. But it’s not too early to analyze the financial consequences, regardless of who wins.

You certainly don't have to jump aboard Weiss' investment recommendations or buy into his economic outlook, but his ability to take in complex topics and trends and boil them down to an understandable level makes this a worthwhile read.

And from Joe Duarte, a thoughtful piece entitled, "Election Obsession: Sobering Thoughts on America".

Hope you are able to get something out of both of these articles. If you feel that you did, be sure to pass them on (you can do so easily by clicking the "email post" icon).

Popular posts from this blog

The Dot-Com Bubble in 1 Chart: InfoSpace

With all the recent talk of a new bubble in the making, thanks in part to the Yellen Fed's continued easy money stance , I thought it'd be instructive to revisit our previous stock market bubble - in one quick chart. So here's what a real stock market bubble looks like.  Here's what a bubble *really* looks like. InfoSpace in 1999-2001. $QQQ $BCOR pic.twitter.com/xjsMk433H7 — David Shvartsman (@FinanceTrends) February 24, 2015   For those of you who are a little too young to recall it, this is a chart of InfoSpace at the height of the Nasdaq dot-com bubble in 1999-2001. This fallen angel soared to fantastic heights only to plummet back down to earth as the bubble, and InfoSpace's shady business plan , turned to rubble. As detailed in our post, " Round trip stocks: Momentum booms and busts ", InfoSpace rocketed from under $100 a share to over $1,300 a share in less than six months.  In a pattern common to many parabolic shooting stars, the s

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL!  Please bookmark our new web address at Financetrendsletter.com Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner .   Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead! As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter . You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter).  Stay up to date with our real-time insights and updates on Twitter .